ADANI, VEDANTA, BIRLA GROUPS LEAD THE MARKETS BOOM

The rise in stock market this year has added immense wealth to Indian conglomerates. The Adani, Vedanta, and Aditya Birla Group companies are the top gainers among the conglomerates in terms of increasing market capitalisation since January.

While the Adani group companies have gained 108 per cent, Vedanta has gained

59 per cent. Excluding Vodafone Idea, the Aditya Birla group companies have gained 51 per cent, while including Vodafone Idea, in which ABG holds 27 per cent stake, the market cap gain is 50 per cent.

In absolute numbers, the Tata group has remained India's top business group in market valuation at ~22.35 trillion — a gain of 42 per cent. In the same period, Reliance Industries has gained 23 per cent in market wealth. The substantial growth in the Indian conglomerates wealth comes at a time when the stock markets are witnessing an unprecedented boom. The Sensex has gained 21.7 per cent since January this year while Nifty has gained 23.9 per cent in the same period. Almost all top conglomerates are planning to tap the capital markets to cash in on the market boom. While the Adani group is planning to launch an IPO of Adani Wilmar, Reliance Industries is planning to list its telecom and retail subsidiary. The Aditya Birla group is also toying with the idea to list its mutual fund arm. The listings will unlock valuations in these arms which are performing well in terms of profits and revenues.